PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) Short Interest Up 21.2% in January

PIMCO Corporate & Income Opportunity Fund (NYSE:PTY) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 393,200 shares, a growth of 21.2% from the January 15th total of 324,400 shares. Based on an average daily volume of 633,900 shares, the days-to-cover ratio is presently 0.6 days.

Hedge Funds Weigh In On PIMCO Corporate & Income Opportunity Fund

Institutional investors have recently bought and sold shares of the business. Creative Planning lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 11.1% in the 3rd quarter. Creative Planning now owns 20,227 shares of the investment management company’s stock worth $291,000 after acquiring an additional 2,022 shares during the last quarter. Integrity Financial Corp WA lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 4.7% in the 3rd quarter. Integrity Financial Corp WA now owns 31,244 shares of the investment management company’s stock worth $450,000 after acquiring an additional 1,395 shares during the last quarter. Private Advisor Group LLC lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 16.0% in the 3rd quarter. Private Advisor Group LLC now owns 410,507 shares of the investment management company’s stock worth $5,907,000 after acquiring an additional 56,620 shares during the last quarter. TPG Advisors LLC lifted its holdings in shares of PIMCO Corporate & Income Opportunity Fund by 47.9% in the 3rd quarter. TPG Advisors LLC now owns 18,373 shares of the investment management company’s stock worth $264,000 after acquiring an additional 5,950 shares during the last quarter. Finally, Farther Finance Advisors LLC bought a new stake in shares of PIMCO Corporate & Income Opportunity Fund in the 3rd quarter worth about $39,000. Institutional investors own 10.25% of the company’s stock.

PIMCO Corporate & Income Opportunity Fund Price Performance

PTY stock traded down $0.03 during trading on Friday, hitting $14.70. 520,424 shares of the company’s stock traded hands, compared to its average volume of 656,816. PIMCO Corporate & Income Opportunity Fund has a 52 week low of $13.23 and a 52 week high of $15.10. The business has a fifty day simple moving average of $14.53 and a 200 day simple moving average of $14.47.

PIMCO Corporate & Income Opportunity Fund Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, March 3rd. Shareholders of record on Thursday, February 13th will be given a dividend of $0.1188 per share. The ex-dividend date is Thursday, February 13th. This represents a $1.43 annualized dividend and a yield of 9.70%.

About PIMCO Corporate & Income Opportunity Fund

PIMCO Corporate & Income Opportunity Fund is a closed-ended fixed income mutual fund launched and managed by Allianz Global Investors Fund Management LLC. It is co-managed by Pacific Investment Management Company LLC. The fund invests in fixed income markets across the globe. It invests in corporate debt obligations rated in the lowest investment grade category Baa or BBB and in the highest non-investment grade category Ba or BB.